You'll really like your 301. I have a black longbed and a tan shortbed, which is in a cabinet. They just seem to go on and on. With very little maintenance, except oiling, they are a usually problem-free machine. Now go have fun collecting accessories for your new addition. Remember to get the accessories for the slant-foot singers. I have so far found a blind hemmer and a crazy little zigzagger that pulls the fabric to form the zigzag.